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EFG Hermes has snapped up an undisclosed stake in Danish AI-powered fintech Kenzi Wealth.

 

The details: 

The acquisition is part of a digitization strategy aimed at providing clients of EFG Hermes with newer, more personalized investment tools. 

The investment firm will capitalize on the Danish company’s AI asset management tech to offer new investment features including advanced investment risk analytics, investment selection, portfolio construction, and rebalancing, the company said. The new venture will also service its trading platform EFG Hermes One.

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